Pension Drawdown | Quinn Finance

Withdrawals from your pension fund

A pension drawdown allows personal pension holders to withdrawls from their pension fund (pension drawdown) instead of being required to buy a pension annuity with the pension remaining invested with an insurance company. This gives the pension holder more control over their pension.

Significant advantages of income drawdown are the ability to take the tax free lump sum of 25% while leaving the pension fund invested and improved death benefits for a spouse or beneficiaries. Although this option may be riskier than taking a pension annuity to begin with, you could save money by reducing your income in some years, thus avoiding higher rate tax liability.

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Quinn Finance Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Quinn Finance Limited is registered in England & Wales | Company no 08367422

Registered office | 1 Canute Road, Southampton, Hampshire, SO14 3FH

There will be a fee payable on completion for mortgage advice. The amount will depend on your circumstances. A typical fee would be £395.

The arranging of a will is not regulated by the Financial Conduct Authority

Should you have a need for a will you will be referred to a preferred provider. Neither Quinn Finance Ltd nor Stonebridge Mortgage Solutions Ltd is responsible for advice from any third party.